Crude oil prices increase by 0.06% to close at $63.2 per barrel

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The prices of Brent crude oil had a marginal increase on Thursday as it closed at $63.2 per barrel.

This implies a 0.06% gain when compared to $63.16 recorded at the close of trade on Wednesday.

According to reports, crude oil prices are beginning to record high growth with demands expected to rise as a result of revived hope in the market as the United Kingdom has given the first vaccine to about half of its population, while the US has vaccinated about 30% of its population.

Crude oil prices have recorded a marginal increase during the week despite the resolve of the OPEC+ to reduce production cuts in the coming months.

Brent Crude closed at $63.2 (+0.06%), WTI Crude closed at $59.75 indicating 0.25% gain, Bonny Light, $60.6 (-2.63%), OPEC Basket (-1.06%) to close at $60.68 while Natural gas dropped by 0.12% to close at $2.519.

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Francis Ogwo
The young and goal driven writer and cinematographer started his journalism as a print journalist in Kaduna in 2005 writing for Kaduna Chronicles Newspapers, Liberator Newspapers where he became the South Bureau Chief. In 2008, he moved into TV production with an employment into Siverbird Television and Rhythm Fm as a Correspondent. He got certified by Independent Television Producers Association of Nigeria(ITPAN) in 2009. After five years of hardwork and training, he was employed as Associate Producer, Moments With Mo and subsequently Producer, Playground on HipTV. Francis currently majors in documentaries and high profile scripts for news and movies. He is currently a Senior Contents Producer at News Central TV

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